Multi-dimensional risk and the cost of business cycles

This paper analyzes the welfare costs of business cycles when workers face uninsurable idiosyncratic labor income risk. In accordance with the previous literature, this paper decomposes labor income risk into an aggregate and an idiosyncratic component, but in contrast to the previous literature, th...

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Bibliographic details
Volume: 9
Main Author: Krebs, Tom
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Elsevier Inc 2006
Elsevier B.V
published in: Review of economic dynamics Vol. 9; no. 4; pp. 640 - 658
Data of publication: 2006
ISSN: 1094-2025
EISSN: 1096-6099
Discipline: Economics
Online Access: available in Bonn?
Database: CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS